1621 Chanslor Ave, Richmond, California 94801, Richmond, 94801 - 3 bed, 1 bath
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Richmond, California 94801
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $391,765 Fair Market Value by -2%. Featuring a Single Family Residence combined with a 4-unit property, this asset offers immediate cash flow and separate gas and electric meters. Despite a Condition Rating of 4, the property provides a rare density play on an extra-large lot. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking consistent rental demand near major transit hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1621 Chanslor Ave Subject | $400,000* List Price | 3 | 1 | 728 | $538 | - |
A 1912 Lincoln Ave Sold | $390,000 | 3 | 1 | 810 | $481 | 0.9 mi |
B 1418 1418 Esmond Ave Sold | $365,000 | 2 | 1 | 812 | $450 | 0.9 mi |
C 230 Nevin Ave Active | $429,000 List Price | 2 | 1 | 846 | $507 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1906, this property is well beyond the 20-year threshold for a 'Fair' rating. While the description claims a 'turnkey' investment with separate gas/electric meters, the exterior shows dated stucco, older window units, and exposed wiring. The lack of recent renovation dates and the extremely low price point for a 5-unit total asset in the Bay Area suggest dated interiors and systems that likely require minor repairs and modernization.
The property offers a unique turnkey opportunity featuring both a single-family home and a 4-unit building, providing immediate cash flow and high density on a single lot.
Excellent proximity to I-80, I-580, Richmond BART, and the Ferry Terminal ensures consistent rental demand and easy access for professional tenants.
Separate gas and electric meters for each unit reduce owner overhead, while the extra-large lot provides abundant parking, a rare and valuable asset in this market.
Built in 1906, the property's century-old infrastructure may require more frequent maintenance or capital improvements compared to modern builds.
With only 728 square feet allocated for a 3-bedroom configuration, the primary living space is exceptionally small, which may limit the tenant profile or future rent growth.
Turnkey investment opportunity in Richmond featuring a single family home *AND* a 4-unit property with stable tenants and immediate cash flow. Designed for low-maintenance ownership, the property offers separate gas and electric service, reducing owner expenses and simplifying management. Situated on an extra-large lot with abundant parking, this asset also benefits from convenient access to I-80, I-580, Richmond BART, the Richmond Ferry Terminal, Kaiser Richmond Medical Center, Contra Costa College, Point Richmond, and the Richmond Marina, making it an attractive location for long-term tenant retention. Close proximity to shopping, restaurants, parks, and major employment centers further enhances the property's investment appeal, offering consistent rental demand and long-term upside in one of the Bay Area's most accessible rental markets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 1.0 |
| Square foot | 728 | 1,157 |
| Lot Size | 5,085 | 5,000 |
| Price | $400.0K | $681.0K |
| Price per sq ft | $549 | $503 |
| Built year | 1906 | 1943 |
| HOA | $0 | $125 |
| Days on market | 7 | 40 |
Jul 16, 2026
$400,000
Initial Listing
Aug 15, 2017
$300,000
Public Record
Jun 2, 2015
$170,000
Public Record
Nov 15, 2010
$60,000
Public Record
Jul 7, 2000
$90,000
Public Record